
Podcast: Europe under (too much?) pressure. Understanding the ruble exchange rate

Saxo Market Call
Summary: Today we look at the euro brushed back lower on dovish ECB talk and Putin's demands for sanctioning countries to "pay for gas in rubles". Also, while the outlook is dim for EU economic growth, at what point are relative European equity valuations simply too cheap to ignore? Elsewhere, the US tries to impress the oil market with a massive reserve release that may be too massive to physically get to market at the intended pace, we are concerned that not enough wheat will be planted this year. Today's pod features Peter Garnry on equities, Ole Hansen on equities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
Follow Saxo Market Call on your favorite podcast app:
If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we'll look into it.
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.